11/18/2008

Saving Detroit

Bankruptcy is a lame answer!

The government owes GM, Ford and Chrysler reparations for the un-fair disadvantages imposed upon them by over-bearing labor unions, and café standards. Maybe they should give GM a $50/hr rebate for every employee so they can compete again. Then keep offering tax credits for efficient clean-burning cars that people actually want to buy (as opposed to silly fads like the “SMART car”).

This is not just a capitalistic argument, my friends, it’s a political one, and it’s time for a day of reckoning. The government needs accountability! THEY BETRAYED our automakers, and now that bankruptcy is likely, they effectively betrayed all of the companies that GM has receivables with. The ripple effect will be enormous.